Last Date for Submission of Application is on May 24th, 2019.
Post and Vacancies :
Director - 01 Post
Other Qualification Details:
1. Minimum: Doctorate degree (Ph.D.) on topics of Statistics, Econometrics, Computer Science, Mathematics, Mathematical Statistics, Data Science and Big Data, Finance or Economics from an Indian University recognized by Government bodies/ AICTE or a similar Foreign University /Institute.
2. Desirable: Full-time diploma in the area of Data Science, Data Analytics or Data Statistics from an Indian University recognized by Government bodies / AICTE or a similar Foreign University / Institute.
3. Experience (As on 01/05/2019): At least fifteen years of experience in the area of Data Analytics, Data Science or Statistics/ Econometrics in commercial banks/ large financial companies / financial services organizations / large IT services companies with financial domain including five years of managerial or supervisory experience as Director or fifteen years of experience in Academics and Research in a reputed University in the areas of Finance, Banking or Monetary Policy which may inter-alia include:
a. Experience in integrating a variety of data sources, methods and applications.
b. Experience in implementing a range of statistical or machine learning methods from basic descriptive statistics, hypothesis testing and feature transformation to complex dimension reduction, supervised or unsupervised learning, and model tuning and validation.
c. Proficiency in Python or R, SQL and distributed computing systems such as Hadoop and related tools.
d. Experience of various statistical and forecasting methodologies such as regression analysis (linear and non-linear), cluster analysis, CHAID, time series, survival models e. Experience in using data visualization tools (Qlik and Tableau). Staff candidates with the prescribed qualification currently working as Chief General Manager are eligible to apply. General Managers with the prescribed qualification and three years of experience in the grade are also eligible to apply. The selected candidate (including staff candidate) would have to submit a discharge /unconditional relieving letter from the present employer at the time of appointment in RBI. Candidates who had already applied in response to our advertisement no. 1A / 2018-19 and 3B/ 2018-19 dated July 13, 2018, and September 19, 2018, respectively for the above position can apply again.
4. Period: Candidates will have the option to choose between Regular Appointment (on a permanent basis) on Pay scales of the Bank or on Contract Appointment on Cost to Company (CTC) basis.
5. Pay Scales :
i) The current monthly pay scale of an officer in Grade F is as under: ` 101900-3000(4)-113900 (5 years). Pay will be initially fixed at the minimum of the pay scale.
ii) The selected candidate will be eligible for all the perquisites as available to the post of officer in Grade F.
iii) The selected candidate will be eligible for superannuation benefits as per applicable rules.
iv) The candidate will be governed by RBI Staff Regulations, 1948.
v) The initial appointment will be on probation for a period of one year. At Bank’s discretion, the probationary period may be extended by one year, if necessary.
6. Place of posting: Mumbai. The Bank reserves the right to change the place of posting.
Address:
Reserve Bank of India, The General Manager, Reserve Bank of India Services Board, 3rd Floor, RBI Building, Opp. Mumbai Central Railway Station (East), Byculla, Mumbai - 400008
General Terms and Conditions:
I. Candidate should apply strictly as per the format in Annex 2.
II. Candidates should enclose self-attested copies of the relevant certificate/s (in support of age, educational qualification) and appropriate documents in support of the experience, with the application. Their candidature will be considered on the strength of the information declared in the application and the copies of certificates/ documents submitted therewith. If at any stage it is found that any information furnished in the application is false/incorrect or if according to the Board, the candidate does not satisfy the eligibility criteria, his/her candidature/appointment is liable to be canceled/terminated.
III. Candidates called for interview, will be reimbursed to and fro actual Economy Class airfare by the shortest route from the place of their residence/place of work to the place of interview whichever is earlier.
IV. Canvassing in any form will lead to immediate disqualification.
V. In all matters regarding eligibility, the conduct of interviews, assessment, prescribing minimum qualifying standards in interview, in relation to the number of vacancies and communication of result,
the Board’s decision shall be final and binding on the candidates and no correspondence shall be entertained in this regard.
VI. Candidates already in service of RBI/Govt./Quasi-Govt. organizations, Public Sector Banks/Undertakings, Government owned industrial undertakings or other similar organizations, whether in a permanent or temporary capacity are required to submit an undertaking in the Application Form that they have informed in writing to their Head of Office/Department that they have applied for the Post. Candidates should note that in case a communication is received from their employer by the Board withholding permission to the candidates applying for/appearing at the interview, their application will be liable to be rejected/candidature will be liable to be canceled. The recommended candidate has to produce a discharge certificate from the employer at the time of appointment in RBI.
VII. Any resultant dispute arising out of this advertisement shall be subject to the sole jurisdiction of the Courts situated at Mumbai only.
4. Closing Date & Time: 17:00hrs (IST) on May 24, 2019.
5. Corrigendum: Please note that Corrigendum, if any, issued on the above advertisement, will be published only on the Bank’s website www.rbi.org.in. (Hindi version of this advertisement is available on Hindi website of Bank)
Selection Process:
Selection will be through interview only. If necessary, a preliminary screening of the applications will be carried out for making a short-list of eligible candidates to be called for the interview. Hence, merely fulfilling the minimum requirements laid down for the post would not automatically entitle any candidate for interview. Applicant must also submit a write up (500 words, Font: Arial 12) on his / her vision to set up the Data Science Lab in Reserve Bank of India. The candidate may also separately submit a brief statement justifying his / her suitability for the leadership position, which may cover specific examples from own work experience/contributions given the stated broad duties assigned to the position. VI. Reserve List: RBISB may maintain a ‘Reserve List’ of one candidate of General category for the post, to take care of the drop-out, if any, at the time of actual appointment.
How to Apply:
I. The candidates applying for the post must submit the following:
(a) An Application (as per Annex 2)
(b) A write up (500 words, Font: Arial 12) on his / her vision to set up the Data Science Lab in Reserve Bank of India.
(c) A brief statement justifying his / her suitability for the leadership position, which may cover specific examples from own work experience/contributions given the stated broad duties assigned to the position.
(d) Proof of age (copy of passing Secondary/High School/10th standard Certificate or Higher Secondary School /12th Standard Certificate mentioning the DoB).
(e) Copy of Degree, Diploma, Certificates along with Mark sheets in respect of qualifications acquired.
(f) Appropriate document(s) in support of experience.
(g) PWD candidates should possess the latest disability certificate issued by a Competent Authority as prescribed vide The Rights of Persons with Disabilities Act, 2016 (RPWD Act, 2016).
II. The filled in application and all other documents should be sent by post /courier to “The General Manager, Reserve Bank of India Services Board, 3rd Floor, RBI Building, Opp. Mumbai Central Railway Station (East), Byculla, Mumbai - 400008” in the prescribed format. The cover containing the application should be superscribed as i.e. ‘Application For The Post Of Director In Grade ‘F’ In The Data Sciences Lab-2019”.
III. Also, a scanned copy of the application duly signed (as per Annex 2) must be mailed. The Post / Courier AND email copy of the application must reach on or before 17:00hrs (IST) on May 24, 2019.
IV. Please Note to affix your latest Photograph on the application and sign across it.
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